Finance
In South Dakota, the 'secondary mortgage market' primarily involves:
ASecond mortgage loans to homeowners
BThe purchase and sale of existing mortgage loans between lenders and investors✓ Correct
CCommercial real estate financing
DGovernment mortgage programs for second homes
Explanation
The secondary mortgage market involves the buying and selling of existing mortgage loans. Lenders originate loans on the primary market and can sell them on the secondary market (to entities like Fannie Mae or Freddie Mac), freeing up capital to make new loans.
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